The actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles.
This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production. According to the results of the past year, royalties and bonuses amounting to 23.5 million rubles were paid to the authors for facilitating the implementation of proposals.
Overall in 2017 the expert commissions of MMK’s structural divisions reviewed 5,665 proposals. In 2017 the number of proposals approved for implementation by the workshop commissions increased significantly, to 63.9% from 57.4% in 2016. This indicates that authors have begun to work more diligently on the proposals they submit.
Among the most active in the streamlining of divisions are: the mining and processing industry, the blast-furnace shop, hot-plate production, sheet rolling shops No. 8 and No. 11, the scientific and technical center, and the logistics department, as well as a number of main power departments: the water supply plant, oxygen plant and blast furnace plant.
PJSC MMK’s management considers invention and innovation one of the foundations for the HR development, as well as a way for the company to achieve competitive advantages and increase its efficiency with the aim of strengthening the leading position of PJSC MMK in the metallurgical industry. (MMK/Ukrainian metal)